The controversial regeneration plan for Chrisp Street Market was finally passed on July 24, 2018 with the aim of creating
“a thriving town centre – keeping the best of what’s here while providing an improved retail offering; more homes, including more social and affordable; more services and amenities and a greater focus on our heritage.”
• Refurbishing current shops, building new and providing a larger market with new stalls and a new market canopy.
• Supporting current traders to remain in the market, with no rent increases for shops during the refurbishment works and for 12 months afterwards. There will then be stepped increases based on affordability – with concessions available for up to a further 5 years.
• Encouraging a mix of independent retailers, a new supermarket and some high street names.
Homes & Amenities:
• Increase in affordable homes to over 35% by habitable rooms, from 124 to 200 (136 homes at social rent (currently 124), 27 at Tower Hamlets Living rent and 37 shared ownership)
• Plus 443 private sale which will cross-subsidise the project that includes:
• New cinema and restaurants
• Two pocket parks
• New Sure Start centre
• New large community hub
• Extended Idea Store
• Restored and accessible Festival of Britain clock tower